Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10188 Westridge Dr Odessa, TX 79764
    Back to Search
    Property profile & analytics

    10188 Westridge Dr Odessa, TX 79764

    View on Map
    • Commercial real estate
    • 2,624 SF
    • 2.50 lot acres
    For Sale
    $1,150,000
    View Listing →
    High-Yield Odessa Mobile Home Park For Sale
    $1,150,000
    2,624 SF

    High-Yield Odessa Mobile Home Park

    Eight Units, 2.5 Acres, High Income

    10188 Westridge Dr, Odessa, TX 79764
    View Listing
    Property ID
    US82-2786434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10188 Westridge Dr

    Year built
    2018
    Lot size
    2.50 lot acres
    Property size
    2,624 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity in Odessa, Texas, presents a thriving mobile home park spanning 2.5 acres. The property boasts eight mobile homes, six of which are newer model Solitaire homes, ensuring consistent occupancy and modern living standards for tenants. Currently generating a substantial monthly rental income of nearly $14,000, this property offers significant potential for increased earnings. The inclusion of one vacant lot allows for expansion, with the possibility of adding a ninth mobile home to further boost revenue. Each mobile home is equipped with its own individual water and electric meter, simplifying utility management and billing. The 2,624 square foot total building area is spread across the eight units, providing ample living space for residents. This turnkey operation is ideal for investors seeking a high-yield, low-maintenance property with immediate cash flow and significant upside potential in a growing Texas market. The existing infrastructure and high occupancy rates minimize operational challenges, making this a truly attractive investment opportunity. The property's location in Odessa provides easy access to local amenities and services, further enhancing its appeal to tenants. This is a rare chance to acquire a well-established and profitable mobile home park with room for expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.4963
    Latitude
    31.85127

    Comparable in this City

    • $700,000
      5,000 SF

      Versatile Commercial Property in Odessa, TX

      Commercial property with office space, storage, and a 3-bay shop.
      1135 W 42Nd St, Odessa, TX 79764
      View Details
    • $4,541,000
      42,400 SF

      Odessa Industrial Facility with Showroom

      42,400 Sq Ft industrial buildings on 3.37 acres.
      2010/15 W 44Th St, Odessa, TX 79764
      View Details
    • $1,000,000
      11,200 SF

      Odessa Warehouse: $1M Investment

      11,200 SF Warehouse, 1.64 Acres, Vacant
      2725 Golder Ave, Odessa, TX 79764
      View Details
    • $1,250,000
      6,960 SF

      Established Machine Shop For Sale

      Well-established machine shop with equipment included for sale.
      3409 Rasco Ave, Odessa, TX 79764
      View Details
    • $4,995,000

      New Automated Car Wash Facility

      Turnkey car wash with expansion potential on unrestricted acres.
      3720 N Moss Ave, Odessa, TX 79764
      View Details

    Similar Nearby for Sale

    • $1,850,000
      7,500 SF

      Spacious Office and Mechanic Shop

      Furnished office with mechanic shop, camp, and large parking.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • $1,400,000
      12,450 SF

      Odessa Office/Warehouse on 3.5 Acres

      12,450 sq. ft. office/warehouse on 3.5 acres.
      5800 N Moss Ave, Odessa, TX 79764
      View Details
    • $4,712,000
      49,600 SF

      Odessa Industrial Buildings with Cranes

      Five industrial buildings with crane infrastructure in Odessa, Texas.
      W 44Th St, Odessa, TX 79764
      View Details
    • $135,000
      1.52 Acres

      Residential Land in Prime Location

      Large lot for dream home near city amenities.
      3 Tbd, Odessa, TX 79764
      View Details
    • $143,000
      5.72 Acres

      Residential Land in Gated Community

      5.72 acres in Westfork, build your custom home!
      W Holdich St, Odessa, TX 79764
      View Details
    • $565,990
      4,086 SF

      Prime Odessa Office Building

      Spacious Office, High Traffic Area
      1221 University Blvd, Odessa, TX 79764
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Odessa Industrial Facility with Cranes

      Industrial warehouse with cranes and yard for lease in Odessa.
      4519 Brazos Ave, Odessa, TX 79764
      View Details
    • $5,500 /Mo
      5,025 SF

      Odessa Warehouse with Crane

      5,025 SF warehouse with crane for lease.
      5012 Wright Ave, Odessa, TX 79764
      View Details
    • $13,000 /Mo
      10,100 SF

      Odessa Commercial Flex Space

      Commercial lease with office and shop space in Odessa, TX.
      2107 W 83Rd St, Odessa, TX 79764
      View Details
    • $5,500 /Mo
      5,000 SF

      Versatile Commercial Space in Odessa

      Office and shop space with ample parking in prime location.
      Odessa, TX 79764
      View Details
    • New
      $7,800 /Mo
      3,600 SF

      Commercial Space in Odessa, Texas

      Versatile commercial space suitable for retail, showroom, or service operations.
      981 E 87Th St, Odessa, TX 79764
      View Details
    • $12,500 /Mo
      9,000 SF

      Odessa Warehouse with Drive-Through Bays

      9,000 SF warehouse on 5.3 acres with multiple drive-through bays.
      15095-2 W 42Nd St, Odessa, TX 79764
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10188 Westridge Dr
    Odessa, TX 79764
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10188 Westridge Dr, Odessa, TX, 79764
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!